Citi flags industry challenges for Australia's ARB Corporation, shares fall

ARB

04/03/2026 04:16

** Shares of Australia's ARB Corporation ARB.AX fall as much as 2.8% to A$23.35, their lowest level in a week

** Citi says February 2026 new car sales data suggest Australian industry conditions are not getting any easier, a negative for the motor vehicle accessories manufacturer

** Brokerage notes more new models and new Chinese vehicles in the Aussie market pose a challenge to ARB citing 'finite engineering resources'

** Reaffirms 'Neutral' rating, maintains A$22.05 PT

** 10 of 14 analysts rate the stock "buy" or higher and 4 "hold"; their median PT is A$28 – LSEG data

** ARB down 24.2% YTD, including day's moves

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))